Citigroup Receives A- Credit Rating from Morningstar (C)
Citigroup (NYSE:C) has been given an “A-” credit rating by Morningstar. The firm’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
A number of other analysts have also recently weighed in on C. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Citigroup in a research note on Thursday. They now have a $54.00 price target on the stock, up previously from $52.50. Separately, analysts at Nomura reiterated a “top pick” rating on shares of Citigroup in a research note on Wednesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Citigroup in a research note on Wednesday, August 27th. They now have a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.59.
Shares of Citigroup (NYSE:C) opened at 52.47 on Friday. Citigroup has a one year low of $45.18 and a one year high of $55.28. The stock’s 50-day moving average is $49.85 and its 200-day moving average is $48.41. The company has a market cap of $159.1 billion and a price-to-earnings ratio of 17.18.
Citigroup (NYSE:C) last announced its earnings results on Monday, July 14th. The company reported $1.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.14. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $18.94 billion. During the same quarter last year, the company posted $1.25 earnings per share. On average, analysts predict that Citigroup will post $3.69 earnings per share for the current fiscal year.
Citigroup Inc (NYSE:C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
To view more credit ratings from Morningstar, visit www.morningstar.com.